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Samsung chip business back on track, logs W1.9tr operating profit in Q1

After logging losses for five consecutive quarters, Samsung Electronics' chip business returned to the black in the first quarter this year, thanks to rising demand for high-end chips and a surge in chip prices. In its earnings report for the January-March period on Tuesday, Samsung said its chip division reported 23.1 trillion won ($16.7 billion) in sales and 1.91 trillion won in operating profits. The profit c...

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Samsung exec touts Galaxy S24 as true phone camera revolution

SAN JOSE, California -- The Galaxy S24 series is the "ultimate collection" of Samsung Electronics' artificial intelligence technology for cameras, allowing users to become "expert photographers" with just a few intuitive taps on the screen, according to the tech giant's visual solutions chief. Samsung Electronics Executive Vice President Cho Sung-dae, who is in charge of the visual solut...

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From Nvidia's new AI chips to LG's Transparent TV; Checkout the top 5 launches of CES 2024 so far

CES 2024, the biggest in-person tech event of the year, kicks off in Las Vegas on January 9 and will continue till January 12. A number of key announcements were made by companies like Nvidia, Samsung, Hyundai, LG and more.

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Samsung, Hyundai Forge Innovative Partnership to Integrate SmartThings into Connected Cars

The collaborative efforts between Samsung and Hyundai are set to redefine the next generation of smart homes by seamlessly integrating SmartThings with Hyundai and Kia's connected cars, including EVs.

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Samsung to keep cutting chip output to boost bottom line

Samsung Electronics will continue to reduce semiconductor output during the latter half of this year, to accelerate an earnings recovery by reducing inventory, the company said Thursday.

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Samsung seeks to overcome downturn with energy-efficient home appliances

Samsung Electronics on Tuesday unveiled the lineup of its new range of energy efficient Bespoke home appliances, in a move to attract Korean consumers and satisfy strict environmental regulations in Europe and elsewhere. The tech giant said it will improve its profitability this year with upgraded products equipped with artificial intelligence (AI) technology.

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Samsung Electronics braces for market uncertainty in second half of year

Samsung Electronics braces for market uncertainty in second half of year

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Smart logistics, green incentives needed for companies to meet global trends

Smart logistics, green incentives needed for companies to meet global trends

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Samsung heirs chalk out plans to meet inheritance tax running into billions

The heirs of late Samsung patriarch Lee Kun-hee, facing a huge inheritance tax bill, have chalked out a plan to make philanthropic donations worth billions of dollars and pay $11bn in tax.

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Korean firms' RE100 adrift amid KEPCO's power monopoly

Korean firms' RE100 adrift amid KEPCO's power monopoly
Posted : 2020-12-14 16:22
By Nam Hyun-woo
Korean firms' plans to join the RE100 campaign, meaning running their companies on 100 percent renewable energy, have been stalled as politicians have failed to make progress on introducing rules ending the state-run Korea Electric Power Corp.'s (KEPCO) monopoly over domestic power distribution.
Vendors and suppliers to global companies are facing growing demand to join the RE100 campaign, but their efforts are not picking up speed due to difficulties in securing electricity generated only from renewable sources because KEPCO collects electricity generated by its subsidiaries and independent power companies, and sells it as a single source.

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